China will not cut subsidies for new energy vehicles (NEV) again in July, Miao Wei, its minister for industry and information technology, said on Saturday, in a move that could bring some respite for vehicle makers. China has been slowly rolling back a generous 5-year subsidy program for the NEV sector kicked off in 2016, saying it plans to phase out subsidies after 2020, amid criticism that some firms have become overly reliant on the funds. “There was a subsidy cut on July 1 last year and everyone has been concerned about whether we will see more cuts this year,” Miao told the EV100 annual gathering of senior auto industry executives […]